H1: Zenith Bank waves the magic wand

By OKEY ONYENWEAKU Despite weak economic tailwinds, Zenith Bank Plc is fashioning a path to stronger corporate earnings in the year 2018. The bank’s management has recently struck a pact with lower operating expenses relative income while putting a spear through the heart of nonperforming loans (NPLs) as the banks half year (H1) 2018 results portray More...

by Uchenna Ajah | Published 7 days ago
By Uchenna Ajah On Sunday, August 5th, 2018
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Stocks: Investors scout for hidden value as market turns bearish

By TESLIM SHITTA-BEY As Nigeria’s Stock Exchange’s All Shares Index (ASI) dips below a year-to-date yield of zero per cent (-4.58 per cent at the close of the previous week’s business on Friday), a More...

By Uchenna Ajah On Sunday, August 5th, 2018
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Naira remains stable as foreign portfolio investors take lackluster position

By FELIX OLOYEDE Review of Nigeria’s foreign exchange market in the last one month has revealed that the Central Bank of Nigeria (CBN) regular intervention in the market has kept the naira stable as foreign portfolio More...

By Uchenna Ajah On Tuesday, July 31st, 2018
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Heritage Bank reiterates support for MSMEs

Heritage Bank Plc has assured promoters of Micro, Small and Medium Enterprises (MSMEs) of support to enable them grow their businesses into generational conglomerates. The MD/CEO of the Bank, Mr. Ifie Sekibo disclosed More...

By Uchenna Ajah On Tuesday, July 31st, 2018
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No life lost in Ecobank fire incident

There was a fire incident on Tuesday morning in the compound of Ecobank’s Lagos head office when a tanker delivering diesel to the Bank caught fire. The fire was contained within the generator house and the diesel More...

By Uchenna Ajah On Sunday, July 29th, 2018
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Nigeria’s Pension Fund soars to N8.14 trillion

The National Pension Commission (PenCom) said that the total pension fund assets stood at N8.14 trillion as at May, 2018. PENCOM head office: reports soaring Pension Fund PenCom in a statement signed by its spokesman, More...

By Uchenna Ajah On Sunday, July 29th, 2018
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Inflation to reverse upward after 17 consecutive slow down

By FELIX OLOYEDE With politics raising the temperature of civil society, a troop of economic analysts calling on their experiences in months leading to major national elections, have reached a consensus that the More...

By Uchenna Ajah On Sunday, July 29th, 2018
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Wema bank returns to profitability

By OKEY ONYENWEAKU Against flagging economic headwinds caused by declining manufacturing sector growth and lower retail sector spending, Wema Bank, one of Nigeria’s oldest indigenous banks, has had to wade through More...

By Uchenna Ajah On Sunday, July 29th, 2018
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CBN: No life line to economy

By FELIX OLOYEDE As the Central Bank of Nigeria (CBN) continues to keep a tight rein on domestic money supply while keeping policy rate at 14 per cent per annum, operators in the real sector of the economy have More...